Can I retire at age 59 with 770,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$63,586$63,019$62,467$61,928$61,401$59,747
2 years$31,478$30,892$30,324$29,773$29,239$27,584
3 years$20,777$20,188$19,621$19,076$18,550$16,947
4 years$15,427$14,840$14,279$13,743$13,230$11,690
5 years$12,219$11,635$11,081$10,556$10,057$8,585
6 years$10,080$9,501$8,955$8,442$7,958$6,555
7 years$8,553$7,979$7,442$6,940$6,472$5,138
8 years$7,408$6,839$6,311$5,822$5,369$4,104
9 years$6,519$5,955$5,436$4,959$4,522$3,324
10 years$5,807$5,249$4,739$4,275$3,853$2,721
11 years$5,225$4,673$4,172$3,720$3,313$2,246
12 years$4,741$4,194$3,703$3,263$2,871$1,866
13 years$4,331$3,790$3,308$2,881$2,504$1,559
14 years$3,981$3,445$2,972$2,557$2,195$1,307
15 years$3,677$3,147$2,684$2,281$1,933$1,101
16 years$3,411$2,888$2,433$2,042$1,708$929
17 years$3,177$2,659$2,214$1,835$1,514$786
18 years$2,970$2,457$2,021$1,654$1,347$667
19 years$2,784$2,277$1,850$1,494$1,200$567
20 years$2,617$2,116$1,698$1,353$1,072$482
21 years$2,466$1,971$1,562$1,228$959$411
22 years$2,329$1,840$1,440$1,117$860$350
23 years$2,204$1,721$1,329$1,017$772$299
24 years$2,090$1,612$1,229$928$694$255
25 years$1,985$1,513$1,139$847$624$218
26 years$1,888$1,422$1,056$775$562$186
27 years$1,799$1,338$981$709$507$159
28 years$1,716$1,261$912$650$457$136
29 years$1,639$1,190$848$596$413$117
30 years$1,567$1,124$790$547$373$100
31 years$1,500$1,062$737$502$337$86
32 years$1,438$1,005$687$461$305$73
33 years$1,379$952$642$424$276$63
34 years$1,324$902$600$390$250$54
35 years$1,272$856$561$359$227$46
36 years$1,223$812$524$331$205$40
37 years$1,177$771$491$305$186$34
38 years$1,133$733$460$281$169$29
39 years$1,092$697$431$259$153$25
40 years$1,053$663$404$239$139$21
41 years$1,016$631$378$221$126$18
42 years$980$601$355$204$114$16
43 years$947$573$333$188$104$13
44 years$915$546$313$173$94$12
45 years$884$521$294$160$85$10
46 years$855$497$276$148$78$8
47 years$828$474$259$137$70$7
48 years$801$453$243$126$64$6
49 years$776$432$229$117$58$5
50 years$752$413$215$108$53$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $770,000, adding $2,774 every year, while hoping to spend $40,512 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 58/18/24 Blend
58$770,000$770,000$770,000$770,000
59$851,401$810,591$798,656$895,119
60$895,140$807,206$782,307$921,874
61$941,982$802,297$764,052$946,462
62$992,201$795,746$743,785$972,403
63$1,046,098$787,431$721,394$999,838
64$1,104,003$777,217$696,763$1,028,923
65$1,166,276$764,966$669,770$1,059,834
66$1,233,316$750,529$640,287$1,092,765
67$1,305,558$733,749$608,181$1,127,932
68$1,383,482$714,460$573,312$1,165,575
69$1,467,615$692,485$535,535$1,205,962
70$1,558,533$667,639$494,697$1,249,389
71$1,656,874$639,724$450,640$1,296,186
72$1,763,336$608,531$403,197$1,346,720
73$1,878,687$573,840$352,195$1,401,397
74$2,003,772$535,417$297,453$1,460,667
75$2,139,519$493,015$238,780$1,525,031
76$2,286,951$446,373$175,979$1,595,044
77$2,447,190$395,216$108,845$1,671,320
78$2,621,474$339,251$37,161$1,754,543
79$2,811,161$278,172$0$1,845,466
80$3,017,749$211,651$0$1,955,001
81$3,242,884$139,347$0$2,084,811
82$3,488,378$60,895$0$2,226,460
83$3,756,227$0$0$2,381,150
84$4,048,625$0$0$2,554,978
85$4,367,990$0$0$2,758,072
86$4,716,982$0$0$2,980,069
87$5,098,529$0$0$3,222,842
88$5,515,858$0$0$3,488,450
89$5,972,519$0$0$3,779,161
90$6,472,421$0$0$4,097,475
91$7,019,870$0$0$4,446,140
92$7,619,608$0$0$4,828,187
93$8,276,857$0$0$5,246,952
94$8,997,366$0$0$5,706,109
95$9,787,469$0$0$6,209,706
96$10,654,143$0$0$6,762,198
97$11,605,070$0$0$7,368,497
98$12,648,715$0$0$8,034,009
99$13,794,399$0$0$8,764,692
100$15,052,392$0$0$9,567,109